Common use of Action in Good Faith Clause in Contracts

Action in Good Faith. The Agents and their respective officers, directors, employees and agents shall be under no liability to any of the Banks or to any future holder of any interest in the Indebtedness for any action or failure to act taken or suffered in good faith, and any action or failure to act in accordance with an opinion of its counsel shall conclusively be deemed to be in good faith. The Agents shall in all cases be entitled to rely, and shall be fully protected in relying, on instructions given to the Agents by the Required Holders of the Notes evidencing the Indebtedness as provided in this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Heritage Propane Partners L P), Credit Agreement (Heritage Propane Partners L P), Credit Agreement (Energy Transfer Partners Lp)

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